Binance to sell off all of its FTX Token holdings
Binance CEO Changpeng Zhao cited “recent revelations” as the basis for the liquidation, stating the sale of FTX tokens might take months. Changpeng “CZ” Zhao, the CEO of cryptocurrency exchange Binance, announced that his company would liquidate all of its holdings in FTX Token, the native token of rival exchange FTX. Zhao stated that the […]
Sam Bankman-Fried declares support for crypto regulation
Sam Bankman-Fried, the founder of FTX, stated in Washington, D.C. on Wednesday that he would “love to be helpful” to regulators considering new guidelines for the cryptocurrency business. Bankman-Fried acknowledged that his sector has occasionally clashed with government representatives, but he believes that regulation is “good” and “the correct thing to do.” FTX CEO Sam […]
FTX in Discussions for Up to $1B Capital Raise at $32B Valuation
The massive exchange is raising capital in order to contemplate acquisitions. The company saw a $400 million capital raise in the Series C round in January. The well-known cryptocurrency exchange FTX, which is run by Sam Bankman-Fried, is reportedly in talks to raise $1 billion in a fresh investment round to lift its valuation to […]
Busan City declares partnership with FTX to create local exchange
The “Blockchain” city of Busan in South Korea keeps forging alliances to promote the development of the cryptocurrency sector. The second-largest city in South Korea , Busan, has declared a partnership with cryptocurrency trading platform FTX in order to establish a local cryptocurrency exchange and promote blockchain innovation. According to a formal announcement made on […]
Sam Bankman-Fried debunks Huobi Acquisition
After Bankman-tweet, Fried’s price of Huobi native token, HT, fell by about 6%. He also denies any allegations concerning Huobi’s acquisition. In a tweet on Monday morning, FTX CEO Sam Bankman-Fried said that the cryptocurrency exchange had no plans to buy Huobi, which CoinGecko says is one of the world’s largest with a daily trading […]